Southpaw: JPMorgan faces winner’s curse after Credit Suisse carries off Bauer in FIG raid
Life is good for JPMorgan’s European investment banking operation, which holds the number one position in all products. But, as it adjusts to the shock departure of Bill Winters last year, the firm is being forced to protect its territory from rivals poaching its best talent, writes David Rothnie.
Credit Suisse, a bank with ambitious plans for its European operation, scored a hit last week. It recruited Carl-Georg Bauer-Schlichtegroll from JPMorgan.Bauer was co-head of JPMorgans financial institutions group for Europe, the Middle East and Africa, and had been on Credit Suisses radar for at least a year. ...
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